Fadior

Internal Bar Strength Indicator | Reversion system

692 3 68
This strategy buy at the next open when close = low. Then it closes the position after either a small profits OR a (very) small losses. Works with several TF
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//@version=2
strategy("IBS", initial_capital=10000, overlay=false, pyramiding=5, default_qty_value=100, currency="USD")

//strategy.risk.allow_entry_in(strategy.direction.long)


src = close
ibs = (close - low) / (high - low) * 100

longCondition = ibs <5
if (longCondition)
    strategy.entry("My Long Entry Id", strategy.long)

//shortCondition = close > high[1]
shortCondition = ibs > 99
if (shortCondition)
    strategy.entry("My Short Entry Id", strategy.short)

p = close * 0.01 * 10
strategy.exit("exit", "My Long Entry Id",profit = 10, loss=2)
strategy.exit("exit", "My Short Entry Id",profit = 10, loss=2)


Hi Fadior thx for sharing!
Is it possible to made an indicator for this? (real IBS)
Thx!
Reply
Fadior AcerGold
Hello, you can do it by yourself the formula is in the code above
Reply
AcerGold Fadior
ok I try. I am in this "script world" a noob ^^
Reply
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